Aaron Wealth Advisors LLC Increases Stake in International Business Machines Corporation $IBM

Aaron Wealth Advisors LLC increased its position in International Business Machines Corporation (NYSE:IBM) by 39.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,112 shares of the technology company’s stock after acquiring an additional 2,838 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in International Business Machines were worth $2,995,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IBM. Mattson Financial Services LLC bought a new position in International Business Machines in the 3rd quarter worth about $852,000. Waverton Investment Management Ltd boosted its stake in International Business Machines by 3.3% in the 3rd quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock worth $280,439,000 after purchasing an additional 32,072 shares during the period. NEOS Investment Management LLC boosted its stake in International Business Machines by 51.7% in the 3rd quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company’s stock worth $32,278,000 after purchasing an additional 38,973 shares during the period. American National Bank & Trust boosted its stake in International Business Machines by 26.2% in the 3rd quarter. American National Bank & Trust now owns 12,537 shares of the technology company’s stock worth $3,537,000 after purchasing an additional 2,603 shares during the period. Finally, Advisors Capital Management LLC boosted its position in shares of International Business Machines by 3.8% during the 3rd quarter. Advisors Capital Management LLC now owns 347,155 shares of the technology company’s stock valued at $97,953,000 after acquiring an additional 12,623 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the topic of several research analyst reports. Evercore upped their price objective on shares of International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. BMO Capital Markets lowered their target price on shares of International Business Machines from $350.00 to $290.00 and set a “market perform” rating on the stock in a research note on Thursday, March 19th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of International Business Machines in a research note on Monday, February 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $340.00 target price on shares of International Business Machines in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and an average price target of $314.60.

Insider Buying and Selling

In other news, Director David N. Farr bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the transaction, the director directly owned 9,258 shares of the company’s stock, valued at $2,814,432. This represents a 12.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Miebach bought 434 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average price of $233.33 per share, with a total value of $101,265.22. Following the transaction, the director directly owned 434 shares in the company, valued at $101,265.22. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 1,484 shares of company stock valued at $417,157 in the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Stock Performance

NYSE:IBM opened at $246.25 on Tuesday. The business has a 50 day moving average of $259.22 and a 200 day moving average of $284.08. The company has a market capitalization of $230.99 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.47 and a beta of 0.69. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. The company had revenue of $19.69 billion during the quarter, compared to the consensus estimate of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.International Business Machines’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.92 EPS. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were given a $1.68 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. International Business Machines’s payout ratio is presently 60.27%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.